New gains for container rates as key ocean routes improve
Drewry’s World Container Index experienced a 7% increase in the latest week’s data, settling at $1,927 per 40-ft. container.The uptick can be attributed mai...
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Foreign container traffic at Kitakyushu Port rises in July
Foreign-trade container volumes at Kitakyushu Port increased in July. The port handled 36,361 TEUs, up 11.2% year on year, according to local port authorities a...
Louis Dreyfus comes onboard Pakistan port project
French trading giant Louis Dreyfus is coming onboard a Pakistani port development programme, signing with a subsidiary of AD Ports Group to create a clean bulk ...
Yang Ming issues customer advisory on accurate cargo declaration requirements
Yang Ming has released a new customer advisory underscoring the crucial importance of accurate and complete cargo declarations to ensure safe, compliant and uni...
Ahead of mega-merger, railroads say they steady economy, supply chain
As regulators prepare to evaluate a controversial railroad merger that would reverberate through the U.S. supply chain, the leading industry trade group sought ...
Capesize rates charge past $40,000 a day as tonnage tightens across basins
The capesize market is ending the year with a burst of momentum rarely seen outside cyclical peaks, as tightening tonnage and strengthening long-haul trade rout...
Capes changing hands for increasing sums
The S&P market is seeing strong momentum. In terms of age profile, 10–15-year-old ships are once again among the most sought-after, supported by capesize ...
My Apology to CRST: I Got It Wrong
I screwed up.Yesterday, the FreightWaves team was informed by a source we considered credible that CRST was shutting down a significant portion of its operation...
Alpha Bulkers signs for 11 containerships in China
Alpha Bulkers, long established in the supramax-to-capesize dry bulk segments, has become the latest Greek owner to pivot into containers, lining up an 11-ship ...
Flex Box Shipping firms up 8,800 teu newbuilds at HD Hyundai Samho
Flex Box Shipping, the Chinese-controlled, Singapore-based owner and commercial manager, has firmed up a previously announced containership order at South Korea...
FPSO changes hands in Amplus-Finder deal
Finder Energy has taken a major step toward developing its KTJ oil project offshore Timor-Leste after securing the Petrojarl I FPSO under a strategic deal with ...
Tokyo Port container volumes rise 4.9% in August
The Port of Tokyo handled 357,973 TEUs of foreign-trade containers in August. This represented a 4.9% increase year on year, according to preliminary figures fr...